Edmond de Rothschild

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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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EdR Credit Very Short Term Money market

Money market
Change in NAV (19/09/2018)
102.28 USD
Nathalie  COFFRE (Amundi Asset Management)–FR0013250578–
Nathalie COFFRE (Amundi Asset Management)
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
102.28 USD
Change in NAV (19/09/2018)
1
1234567
Risk and reward profile
Recommended holding period
Change in NAV (19/09/2018)
102.28 USD
Risk and reward profile
1234567
Recommended holding period
Nathalie COFFRE (Amundi Asset Management)  
 
The identity of the managers presented in this document may change during the life of the product.
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Investment objective

The investment objective is, by investing in interest rate and money markets, to outperform the capitalised EONIA index over the recommended investment period, less any management fees.In the event of very low or even negative interest rates on the money market, the yield generated by the UCITS would not be sufficient to cover the costs of management and the UCITS' net asset value would fall structurally.

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Commentary 31/08/2018

The ECB's key interest rates remained unchanged in August, with the refinancing rate at 0%, the deposit facility rate at -0.40%, and the marginal rate at 0.25%. The 3-month Euribor and Eonia were unchanged at -0.32% and -0.36% respectively at the month end. Volatility rose sharply as a result of the Turkish crisis and uncertainties related to the budget debate in Italy. Italian bond yields rose significantly over the month, with the 10-year bond hitting its record since the beginning of the year at 3.22%. Unsurprisingly, so-called safe haven assets benefited from the political turmoil. The 10-year yields on US Treasuries and German Bunds fell by 10 bps and 12 bps, respectively. On the other hand, credit spreads suffered from renewed concern and widened significantly. Given this climate, the portfolio's performance this month was penalised by the widening in credit spreads. We have continued to invest on the TCN market, reducing the average maturity of our investments in order to limit the portfolio's sensitivity to the continued widening of credit spreads.

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Change in NAV

Chart – Base 100 (19/09/2018)
Avertissement
You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates

Performance BH-USD Cumulative Annualised

2.04 %

1.56 %

Since inception

2.28 %

1.76 %

1.95 %

1.51 %

Since 01/01/2018 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (BH-USD)

Benchmark

2.28 %

1.76 %

Annualised

Share class (BH-USD)

Benchmark

2.04 %

1.56 %

1.95 %

1.51 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class BH-USDBenchmarkShare class BH-USDBenchmarkShare class BH-USDBenchmarkShare class BH-USDBenchmarkShare class BH-USDBenchmark
1 Year*0.16 %0.04 %0.16 %0.16 %2.99 %-0.01 %
3 Year *
Max. drawdownAlphaBeta
Share class BH-USDBenchmarkShare class BH-USDBenchmarkShare class BH-USDBenchmark
1 Year*-0.06 %0.02 %0.66 %
3 Year *
Max. monthly gain Since inception
Max. monthly loss Since inception
Share class BH-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 0.16 % 0.04 %
Tracking Error 0.16 %
Sharpe ratio -0.01 %
Alpha 0.02 %
Correlation coefficient 0.16 %
Information ratio 2.99 %
Max. drawdown -0.06 %
Beta 0.66 %

Fund information

Inception Date (Fund)
20/08/1987
Inception Date (Part)
21/07/2017
Legal form
Mutual Fund
Benchmark
Fed Funds capitalise
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0013250578
AuM (fund)
1,097 M (EUR)
Regulatory authority
AMF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (France)
Delegated Management Company
Amundi Asset Management
Incorporation
France
Maximum management fee
0,250 %
Current management fee
0.250 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
0.40 % max

Fund documentation

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(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.

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